BasedLine

Date:17-Sep-2013
KSE-100 Index
 
Previous Index 23,168.04
Current Index 23,242.68
Change % 0.32
YTD (CY13)% 37.49
YTD (FY14)% 10.65
Volume (mn) 196.40
Capitilization (USDbn) 13.34
FIPI (USDmn)(Daily) -0.53
FIPI (USDmn) (YTD) -86.57

 

KSE-100 Index
Previous Index 39,964.91
Current Index 39,545.97
Change % 1.05
YTD (CY13)% 35.78
YTD (FY14)% 7.71
Volume (mn) 60.16
Capitilization (USDbn) 7.43

International Indicators
 
Close
%age
BSE-30 19,742.47 0.05
HANGSENG 23,252.41 1.47
NIKKEI 225 14,404.67 0.12
FTSE 6,622.86 0.59
DJIA 15,494.78 0.77
SSEC 2,231.40 -0.22
NASDAQ 3,717.85 -0.12

 
Close
%age
TASI 8,070.59 0.45
KSE(Kuwait) 7,788.69 0.76
BSE 1,191.01 0.45
MSM 6,606.66 -0.25
ADX 3,783.87 -0.09
DFM 2,646.10 -0.52
QSE 9,762.70 -0.18

KIBOR
 
%age
3 Months 9.31
6 Months 9.43
12 Months 9.81

T-Bills
%age
3 Months 9.14
6 Months 9.30
12 Months 9.44

Bonds
 
%age
3-Y PIB 11.26
5-Y PIB 11.85
10-Y PIB 12.30
20-Y PIB 12.79
30-Y PIB 12.96
Capital Market Overview

Market watch: Stock market surprises investors by ending in black, volatility remains

The stock exchange ended in the black contrary to expectations of a sharp reaction to the unexpected hike in discount rates. The Karachi Stock Exchange’s (KSE) benchmark 100-share index 0.32% or 74.64 points to end at 23,242.68 point level. more... (ET)

News Clippings

IMF review: FBR likely to collect Rs130b less than tax target

Pakistan will miss its current fiscal year’s tax target by Rs130 billion, according to an International Monetary Fund (IMF) assessment, which has heightened chances that the government may impose more taxes to bridge the shortfall in order to meet a key condition of an IMF loan programme. more... (ET)

CASA-1000: Resolution signed

The Govern-ment of Pakistan hosted two days of meetings of the Inter-Governmental Council (IGC) for the Central Asia South Asia Electricity Transmission and Trade Project, known as CASA-1000, says a press release. more... (BR)

Privatisation: KSE issues first dividend in its history

For the first time in its history, the board of directors of the Karachi Stock Exchange (KSE) has recommended a dividend for shareholders of the country’s premier bourse. In an announcement on Monday, the KSE said its board has recommended the payment of a final cash dividend at 1.25%, or Rs0.125 per share, for fiscal year 2012-13. more... (ET)

Rising imports, stagnant exports; sign of structurally weak economy

We have spoken about the rupee gap which is caused by spiraling expenses that outpace revenues. Another ill plaguing the economy is the dollar gap. A lot of us know this more commonly as the trade deficit. But that is not really an accurate description. more...(ET)

Rs 165 billion in two months: Ministry told to explain circular debt resurgence

The Ministry of Water and Power has been asked to explain the reported resurgence of circular debt to the tune of Rs 165 billion within two months despite payment of Rs 480 billion to clear the circular debt. more...(BR)

E&P companies: tax concessions cannot be unilaterally withdrawn: MoP

The Ministry of Petroleum has conveyed to the Federal Board of Revenue (FBR) that duties and taxes concessions granted to oil and gas exploration and production (E&P) companies cannot be unilaterally withdrawn without renegotiating with the E&P companies. more...(BR)

Oil margins: Govt appoints PIDE to determine fair OMC margins

The government has asked the Pakistan Institute of Development Economics (PIDE), a research organisation, to determine fair margins for the oil marketing companies, which have been complaining for months about low return on investment. more...(ET)

NAVs and Returns
as of September 16, 2013
Funds Offer Redemption
POGSF
10.2350/-
10.2350/-
YTD Return
5.96%
POAIIF
52.1839/-
51.6621/-
YTD Return
0.61%
POAAAF
56.04/-
54.64/-
YTD Return
7.41%
POIAAF
57.79/-
56.35/-
YTD Return
6.10%
POAF
11.39/-
YTD Return
5.51%

 

Funds Rating
AMC
AM3-
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
2 Star
POIAAF
4 Star
POGSF
AA(f)

  Aug-13 Jul-13
MoM (%)
AUM's (PKR bn) 368.34 380.60 -3.22
No of AMCs 24 24 0.00
No of Funds 191 190 0.53

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(August 30, 2013)
$9.99bn
Trade Deficit
(Jul-Aug 13)
$(3.29)bn
Curr. A/C
(July 13)
$46mn
Remittances
(Jul-Aug 13)
$2.46bn
Foreign Investment (Jul-Aug13) $182.5mn
CPI Gen. - YoY
(Aug-13)
8.55%
CPI Gen. - FY14
(Jul-Aug13)
8.40%

Commodities
 
WTI (USD/bbl) 105.84
Gold Spot(USD/oz) 1,314.00
Cement (Rs./Bag) 472.00
Coal Spot(USD/ton) 77.15
Urea Fertilizer (Rs/bag) 1,850.00
DAP (Rs./bag) 2,359.66
KCA Cotton (Rs/mound) 6,900.00

 

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(BR) Business Recorder, (D) Dawn, (ET) Tribune, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.